CI Financial Corp (CIX) To Go Ex-Dividend on November 29th

CI Financial Corp (TSE:CIX) declared a monthly dividend on Thursday, November 9th, Zacks reports. Shareholders of record on Thursday, November 30th will be given a dividend of 0.117 per share on Friday, December 15th. This represents a $1.40 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Wednesday, November 29th.

Shares of CI Financial (CIX) opened at C$28.69 on Tuesday. CI Financial has a 52 week low of C$25.79 and a 52 week high of C$29.94.

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In other CI Financial news, insider Douglas J.R. Jamieson bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The shares were purchased at an average price of C$28.00 per share, with a total value of C$28,000.00.

Several brokerages have recently issued reports on CIX. TD Securities increased their price objective on CI Financial from C$29.00 to C$30.00 and gave the company a “hold” rating in a research note on Friday, November 10th. Desjardins increased their price objective on CI Financial from C$28.00 to C$29.00 in a research note on Tuesday, October 31st. BMO Capital Markets reiterated a “market perform” rating and issued a C$29.00 price objective on shares of CI Financial in a research note on Monday, September 18th. Scotiabank increased their price objective on CI Financial from C$28.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Friday, August 11th. Finally, CIBC increased their price objective on CI Financial from C$32.50 to C$33.00 in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$29.86.

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CI Financial Company Profile

CI Financial Corp. (CI) is a wealth management and investment fund company. The Company is engaged in management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other fee-earning investment products for Canadian investors. CI operates through two segments: Asset Management and Asset Administration.